Crypto Research

Highlights from the North American listed crypto, blockchain and mining stocks:Chinese miner Ebang International (NASDAQ: EBON) is the top performing publicly traded asset and only North American listed crypto and blockchain stock to report positive returns this week. Marathon Patent Group (NASDAQ: MARA) was the worst performer of the week posting a -20.8% return. The crypto miner reported that its announced LOI to acquire Fastblock Mining has been withdrawn and the company has subsequently hired a new investor...

THE HEADLINES [Members Area Crypto] STABLECOINS ARE MISLEADING WITH DIFFERING SUPPORT STRUCTURES www. ecb. europa. eu The European Central Bank’s Crypto Asset Task Force released a paper suggesting the use of the term ‘stablecoins’ is “confusing and even misleading” and can lead to market risks due to the different types of stability methods supporting the tokens. [Members Area Crypto] SOUTH KOREAN REGULATOR DELAYS APPROVAL FOR NFT GAME www. cointelegraph. com...

For a full copy of this report in PDF format please click HERE. MARKET ANALYSIS This week, Bitcoin briefly traded above $11,000 before losing ground and ending the week down 1.9% at $10,455. Bitcoin has been exhibiting greater short-term correlation with the broader markets, which could be the primary reason for Bitcoin’s weakness in recent weeks. At time of writing, Bitcoin is currently trading at ~$10,500. Notably, Bitcoin’s decline corresponds with...

CRYPTO FEAR AND GREED INDEX The Fear & Greed Index for bitcoin and other large cryptocurrencies has slipped again dropping 8 points to 39. While many are calling for a new period of growth as institutional firms continue to turn to digital assets,  bitcoin’s resurging volatility is bringing a cloud of fear back over retail crypto traders. THE HEADLINES [Members Area Crypto] US BANKS CAN HOLD RESERVE FUNDS FOR STABLE COIN ISSUERS...

THE HEADLINES [Members Area Crypto] CHINA SEES DIGITAL CURRENCIES AS NEXT BATTLEFIELD www. reuters. com An article published by the People’s Bank of China (PBoC) believes digital currencies are becoming the new battlefield of competition between sovereign countries and is calling on the PBoC to act quickly and “seize the first track.” [Members Area Crypto] EU TO INTRODUCE CRYPTO-ASSETS REGIME BY 2024 www. reuters. com The European Union plans to...

ARGENTINA ADDS USD WITHHOLDING TAX Expect local crypto activity in Argentina to increase. The government of the South American nation, with a reported year to date low 40.6% inflation rate in July, has decided to impose a 35% withholding tax on purchases of US dollars and overseas credit card payments. Pharmaceutical and healthcare services, books, online research and education services, and spending on fire protection equipment has been omitted from the tax. THE HEADLINES...

Highlights from the North American listed crypto, blockchain and mining stocks:Chinese mining stock Ebang International (NASDAQ: EBON) is the top performer of the week generating a 8% increase in its stock price. EBON is the only company to outperform bitcoin (7.2% return) this week.Hive Blockchain (TSX: HIVE) reported year end results for fiscal 2020 generating income from digital currency mining – mining bitcoin (BTC), ether (ETH) and Ethereum classic (ETC) – of $29.2 million with adjusted...

THE HEADLINES [Members Area Crypto] BAHAMAS ROLLING OUT SAND DOLLARS IN OCTOBER www. bloomberg. com The Bahamas will roll out its digital sand dollar nationwide in October with plans to mint new dollars on demand and only when physical Bahamian dollars are retired to maintain a tight monetary policy. [Members Area Crypto] INDIA'S CRYPTO LAWS MAY BAN TRADING www. bloomberg. com India’s long awaited digital currency regulations will likely ban...

For a full copy of this report in PDF format please click HERE  MARKET ANALYSIS Following last week’s downside volatility, Bitcoin stabilized and regained some ground finishing the week ending 9/14 up 2.8% at $10,663. Bitcoin currently sits around ~$10,850 and seems poised to retest $11,000. Bitcoin is still down double digits this month (-10%) alongside oil and commodities. Historically, September has been Bitcoin’s worst performing month. Amongst all the...

CRYPTO FEAR AND GREED INDEX Following last week’s major decline, the Fear & Greed Index for bitcoin and other large cryptocurrencies has shown an overnight pop with the price bitcoin returning back above $10,600, gaining 8 points on the day and 6 points since last week’s update. Investors are strongly back with a more ‘neutral view’ of the asset class.  HOW POMP CONVINCED CRAMER TO BUY BITCOIN I have been listening...

GROWING FOCUS ON ETHEREUM Digital exchanges are looking to grow by supporting Ethereum based projects. In recent days both Binance and Kraken have made statements showing their desire to help this ecosystem grow. Binance CEO Changpeng Zhao tweeted he would like to see more DeFi projects moving over to Binance Smart Chain and Kraken has posted a new position to hire an “external advocate” bridging mainstream investors and the Ethereum community. CHINA’S PUBLIC BLOCKCHAIN COMPANIES BLOCKCHAIN NOT LIVING UP TO...